Examples of Second Redemption Date in a sentence
The Directors will issue and allot Shares such that the maximum aggregate issue amount of such issue and allotment, together with the aggregate EIS Price of the Existing Issued Shares that have not been redeemed on the Second Redemption Date, is equal to or more than the Aggregate Minimum Subscription.
All Shares not redeemed on the Second Redemption Date shall be redeemed on the Third Redemption Date.
Shareholders whose Shares were not redeemed on the Second Redemption Date shall be redeemed on the Third Redemption Date.
Shareholders who have not made an election to retain their Existing Issued Shares will have their Shares redeemed on the Second Redemption Date.
The Second Redemption Notice shall be irrevocable, and it shall be mailed, postage prepaid, at least twenty (20) calendar days prior to the Second Redemption Date to the HOLDER at their address as the same shall appear on the books of the Company (the date of such mailing being the "Second Redemption Notice Date").
All Shares shall be redeemed on the Second Redemption Date, except in respect of those Existing Issued Shares for which Shareholders have accepted the Company’s offer to have their Existing Issued Shares retained in the Company.
Immediately following the Second Redemption Date, the HOLDER shall surrender their original Debenture at the office of the ISSUER, and the ISSUER shall issue to the HOLDER a new Debenture Certificate for the principal amount that remains outstanding, if any.
Notwithstanding the above, at any time prior to the Second Redemption Date the HOLDER is entitled, at its option, to convert the Debentures being noticed for redemption, in whole or in part in accordance with the terms and conditions set forth above in Section 4.
Any funds so deposited and unclaimed at the end of one year from the Second Redemption Date shall be released or repaid to the Corporation, after which the holders of shares called for redemption shall be entitled to receive payment of the Redemption Price only from the Corporation.
The Company will redeem all the Existing Issued Shares on the Second Redemption Date by utilising the proceeds of the debt instrument acquired by the Company, as described in the prospectus of the Company dated 03 May 2016.